Common use of Collateral Verification Clause in Contracts

Collateral Verification. Bank shall have the right, at any time, by its own auditors, accountants, or other agents, to examine or audit the Collateral or any of the books and records of Debtor or any agent of Debtor pertaining to the Collateral, all of which shall be made available upon request Such accountants or other representatives of Bank will be permitted to make any verification of the existence of the Collateral or accuracy of the records which Bank deems necessary or proper. All reasonable expenses incurred by Bank in making such examination, inspection, verification or audit shall be deemed an Obligation

Collateral Verification. Bank shall have the right, at any time, by its own auditors, accountants, or other agents, to examine or audit the Collateral or any of the books and records of Debtor or any agent of Debtor pertaining to the Collateral, all of which shall be made available upon request request. Such accountants or other representatives of Bank will be permitted to make any verification of the existence of the Collateral or accuracy of the records which Bank deems necessary or proper. All reasonable expenses incurred by Bank in making such examination, inspection, verification or audit shall be deemed an Obligation.